VYEY (Victory Oilfield Tech) EBIT: $-6.43 Mil (TTM As of Sep. 2024)


What is Victory Oilfield Tech EBIT?

Victory Oilfield Tech VYEY EBIT is $-6.43 Mil as of Sep. 2024.

Victory Oilfield Tech's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-1.16 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-6.43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Victory Oilfield Tech's annualized ROC % for the quarter that ended in Sep. 2024 was -1,868.28%. Victory Oilfield Tech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Victory Oilfield Tech's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -1,432.96%.

Victory Oilfield Tech  (OTCPK:VYEY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Victory Oilfield Tech's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-4.624 * ( 1 - 0% )/( (0.13 + 0.365)/ 2 )
=-4.624/0.2475
=-1,868.28 %

where

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.147 - 0.71 - ( 0.116 - max(0, 0.836 - 0.143+0.116))
=0.13

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.037 - 1.191 - ( 0.019 - max(0, 1.553 - 0.034+0.019))
=0.365

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Victory Oilfield Tech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.624/( ( (0 + max(-0.683, 0)) + (0 + max(-1.176, 0)) )/ 2 )
=-4.624/( ( 0 + 0 )/ 2 )
=-4.624/0
= %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.027) - (0.71 + 0 + 0)
=-0.683

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.015) - (1.191 + 0 + 0)
=-1.176

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Victory Oilfield Tech's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-6.434/0.449
=-1,432.96 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Victory Oilfield Tech EBIT Related Terms

Victory Oilfield Tech EBIT Historical Data

* Premium members only.

The historical data trend for Victory Oilfield Tech's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Victory Oilfield Tech EBIT Chart

Victory Oilfield Tech Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.40 -0.86 -0.20 -0.32 -0.56

Victory Oilfield Tech Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.12 -0.36 -3.82 -1.10 -1.16

VYEY vs LEEN, SPOWF, GRVE: EBIT Comparison

For the Oil & Gas Equipment & Services subindustry, Victory Oilfield Tech's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Victory Oilfield Tech EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Victory Oilfield Tech's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Victory Oilfield Tech's EV-to-EBIT falls into.


Victory Oilfield Tech EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.43 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-6.43 Mil mean?
Victory Oilfield Tech (VYEY) has a EBIT of $-6.43 Mil as of Sep. 2024. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Victory Oilfield Tech.
Is Victory Oilfield Tech's EBIT too high?
Victory Oilfield Tech's current EBIT is $-6.43 Mil.
How does Victory Oilfield Tech's EBIT compare to LEEN and SPOWF?
Victory Oilfield Tech's EBIT of $-6.43 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Oil & Gas company?
A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Victory Oilfield Tech. Victory Oilfield Tech's current EBIT is $-6.43 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Oilfield Tech stock overvalued right now?
Victory Oilfield Tech (VYEY) has a current EBIT of $-6.43 Mil. The current EBIT is $-6.43 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Victory Oilfield Tech (VYEY), the current EBIT is $-6.43 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Victory Oilfield Tech Business Description

Industry EnergyOil & Gas
Address 3355 Bee Caves Road, Suite 608, Austin, TX, USA, 78746
Victory Oilfield Tech Inc is an oilfield energy-tech products company focused on improving well performance and extending the lifespan of the industry's most sophisticated and expensive equipment. The company's products include solutions for drill-pipe, production tubing, and radio frequency identification (RFID) enclosures. The company's only reportable segment is Hardband Services. Hardband Services provides various hardbanding solutions to oilfield operators for drill pipe, weight pipe, tubing, and drill collars.